[The Unfair Advantage] Philippine Stock Market Index Rebounds, Marks 9th Record Close For 2015

Please don't stop me from counting and sharing this bad news (good news) to you...

Go. Go. Go Philippines... Keep on hitting the mark. The question here is who will get the benefits of this upfair advantage. When will you start?

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"Philippine share prices rebounded on Friday, closing at a new record above 7,700.

At the Philippine Stock Exchange (PSE), the benchmark index climbed by 53.94 points or 0.7 percent to 7,728.18 from yesterday's close of 7,674.24.

Today marked the ninth record close for the main gauge since the start of the year, surpassing the previous high of 7,716.06 registered last February 4. The PSEi has gained 6.9 percent so far this year.

“We are pleased with the market’s movement in the last five weeks. The record numbers registered by the index highlights the level of investor confidence in our market,” PSE president Hans B. Sicat said.

"We hope that our initiatives to raise awareness about investing at the PSE to fund managers here and abroad will see more investment inflows into our market," he added.

All counters were in the green, led by industrial sub-sector, which gained 1.61 percent, followed by mining and oil, 1.09 percent; and property, 1.07 percent. The financials counter however fell by 0.26 percent.

Advancers beat decliners, 105 to 72, while 43 issues were unchanged. Value turnover reached P10.42 billion, as 1.91 billion shares changed hands."

Source: interaksyon.com/business

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